5 Signs of Terrible Home Insurance Coverage

Ever heard the saying, "You don’t know what you’ve got until it’s gone?" When it comes to home insurance, that couldn’t be more true. Let me tell you about my neighbor, Jim. Jim was always the kind of guy who thought insurance was just another way to waste money. That was until a massive tree fell on his roof during a storm. He thought his insurance would cover the damages, but he quickly discovered that his policy was riddled with gaps. Don't be like Jim. Here are five signs that you might have terrible home insurance coverage.

get better home insurance!

1. Limited Coverage on Personal Belongings

Jim’s first unpleasant surprise was discovering that his insurance had very limited coverage for personal belongings. He had a beautiful collection of antique furniture and some valuable electronics, but his policy only covered a fraction of their worth. If your insurance doesn’t fully cover the cost to replace your personal belongings, it's a major red flag. Always check the personal property limits on your policy and make sure they reflect the actual value of your possessions.

2. High Deductibles

Another issue Jim faced was the high deductible on his policy. When the tree fell on his house, he had to pay a hefty amount out of pocket before his insurance kicked in. A high deductible might seem like a way to lower your premium, but it can leave you financially strained when disaster strikes. Look for policies with reasonable deductibles that you can afford in the event of a claim.

3. Exclusions and Limitations

Jim thought his home insurance covered everything. But when he filed a claim, he was shocked to find out about numerous exclusions and limitations. Floods, earthquakes, and even certain types of water damage weren’t covered. Make sure you read the fine print and understand what is excluded from your policy. You might need additional coverage like flood insurance or a rider for high-value items to fill in the gaps.

4. Poor Customer Service

During the claims process, Jim also had to deal with poor customer service. Long wait times, unhelpful representatives, and a lack of clear communication made an already stressful situation even worse. Good customer service is crucial when you need to file a claim. Research your insurance company's reputation for customer service before signing up. Look for reviews and ratings from other customers to get a sense of their service quality.

5. Inadequate Liability Coverage

​Lastly, Jim’s policy had minimal liability coverage. If someone had been injured when the tree fell, he would have been on the hook for medical bills and potential lawsuits. Liability coverage protects you if someone gets hurt on your property or if you accidentally cause damage to someone else's property. Ensure your policy includes adequate liability coverage to shield you from financial harm in such situations.

What Can You Do?

If you recognize any of these signs in your home insurance policy, it's time for a review. Here are a few steps you can take:

1. Review Your Current Policy: Go through your current insurance policy with a fine-tooth comb. Look for any gaps in coverage, high deductibles, and exclusions.
2. Get Professional Advice: Speak with an insurance agent who can help you understand your policy and recommend any necessary changes. They can provide insights into additional coverage options that may benefit you.
3. Shop Around: Don’t settle for the first policy you find. Compare quotes from different insurance companies to find the best coverage at a reasonable price.
4. Bundle Your Policies: Consider bundling your home insurance with other types of insurance, like auto or life insurance. Many insurers offer discounts for bundled policies, which can save you money and provide better coverage.
5. Regular Updates: Make it a habit to review your insurance coverage annually or whenever there’s a significant change in your life, like a home renovation or purchasing expensive items.

Why Choose Arrow Insurance Agency?

At Arrow Insurance Agency, we understand the importance of comprehensive home insurance coverage. Based in Loganville, Georgia, we serve the greater Atlanta area, including Marietta and Alpharetta. Our team of experienced agents is dedicated to helping you find the right policy that suits your needs and budget. We’ll guide you through the complexities of home insurance, ensuring you’re fully protected against life’s unexpected events.

Don't wait until it’s too late. Contact Arrow Insurance Agency today to review your home insurance policy and secure the peace of mind you deserve. We’re here to help you every step of the way, providing personalized service and expert advice to keep your home and family safe.

don't settle for terrible home insurance!

---

Zaheed Hussain
​​Owner/Licensed Agent

Our aim is to hit the bullseye every time when it comes to providing our clients with the best Georgia home insurance coverage available at the best value. We also provide many other coverages for auto, business, life, and health. 

​Phone: (770) 692-7500
Email: [email protected]
Loganville, GA